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The Wealth Paradox (EP.318)

Animal Spirits Podcast

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The Boomer Flood of Supply

If rates go back to say 5%, there's going to be more demand than supply. And I think that's- Well, there's already a demand supply and balance. It's just going to go even more extreme. How much do you need to make per year to afford a $500,000 house? Did you look at this yet? What's your guess? You can give a range if you'd like. Prices rate rules, why? All right. Let's say 125 to 155. For a million dollar home, $281,000 a year. And you're talking about big cities like New Yorkers in San Francisco.

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